Eastern Asia: Market for Frozen Scallops, Including Queen Scallop 2024

Market Size for Frozen Scallops, Including Queen Scallop in Eastern Asia

In 2022, the East Asian market for frozen scallops, including queen scallop decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Frozen Scallops, Including Queen Scallop in Eastern Asia

In value terms, frozen scallops, including queen scallop production dropped slightly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Frozen Scallops, Including Queen Scallop

Exports in Eastern Asia

In 2022, shipments abroad of frozen scallops, including queen scallop increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen scallops, including queen scallop exports soared to $X in 2022. Overall, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan represented the largest exporter of frozen scallops, including queen scallop in Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of X%).

In value terms, the largest frozen scallops, including queen scallop supplying countries in Eastern Asia were Japan ($X) and China ($X).

In terms of the main exporting countries, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Frozen Scallops, Including Queen Scallop

Imports in Eastern Asia

In 2022, purchases abroad of frozen scallops, including queen scallop increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen scallops, including queen scallop imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China represented the key importer of frozen scallops, including queen scallop in Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Hong Kong SAR (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took near X% share of total imports. South Korea (X tons) and Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of frozen scallops, including queen scallop. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.), South Korea (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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